JPMorgan Chase dominated the U.S. banking landscape in 2023, reporting a net income of 47.5 billion U.S. dollars, almost 20 billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly 22 billion U.S. dollars. These three banks were also the largest banks based on total assets. The substantial lead held by JPMorgan Chase underscores its position as the financial powerhouse among American banks, reflecting its robust performance across various banking sectors. Market capitalization and global standing JPMorgan Chase's financial prowess extends beyond net income. With a market capitalization of 491.76 billion U.S. dollars as of December 31, 2023, it stood as the most valuable bank in the United States. Its massive market capitalization also made it the largest bank globally, with Bank of America following from a distance. This impressive valuation, coupled with its substantial net income, cements JPMorgan Chase's status as a financial titan. Asset base of JPMorgan Chase JPMorgan Chase's leadership is also evident in its asset base. The bank held 8.56 percent of total banking assets in the United States as of December 2023, surpassing Bank of America and Wells Fargo. This substantial market share translated to over 3.9 trillion U.S. dollars in total assets.

In 2024, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 177 billion U.S. dollars. Bank of America and Wells Fargo followed, with 101.9 and 82.3 billion U.S. dollars, respectively. These three banks were also the largest banks in terms of total assets in the United States that year. Commercial banking A commercial bank is a bank that offers financial services to private customers and companies, such as accepting deposits, checking services or loans. Commercial banks earn money through interest rates on the loans that they offer. Such rates are significantly higher than the interest rates paid to the bank customers for depositing their assets in a bank. This difference in rates is called net interest income, which is one of the leading indicators of bank performance. Commercial vs investment banks Some banks specialize only in commercial or investment banking, while some banks combine both divisions in their operations. Investment banks specialize in managing assets of their clients, underwriting securities or supervising merger and acquisition transactions.

In 2019, BAC International Bank was the most profitable bank in Central America. This financial institution, located in Panama, reported profits amounting to more than *** million U.S. dollars that year. The Panamanian Banco General ranked second, with over *** million dollars worth of net income.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.

The net income of JPMorgan Chase increased overall from 2005 to 2024, despite some fluctuations. In 2024, the net income of the American banking giant increased notably, amounting to 58.47 billion U.S. dollars. This was the highest net income the bank reported during the observed period.

The latest closing stock price for Bank Of America as of May 27, 2025 is 44.22. An investor who bought $1,000 worth of Bank Of America stock at the IPO in 1984 would have $30,631 today, roughly 31 times their original investment - a 8.79% compound annual growth rate over 41 years. The all-time high Bank Of America stock closing price was 47.44 on February 06, 2025. The Bank Of America 52-week high stock price is 48.08, which is 8.7% above the current share price. The Bank Of America 52-week low stock price is 33.06, which is 25.2% below the current share price. The average Bank Of America stock price for the last 52 weeks is 42.15. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.

HSBC posted a profit after tax of 25 billion U.S. dollars in 2024, up from 24.06 billion U.S. dollars in 2023. 2023 and 2024 were well-performing years for the bank in terms of profits, with 2024 recording the highest profits ever during the period. The operating income of the bank also increased by more than 15 billion U.S. dollars in 2024 when compared to 2022.HSBC bank HSBC is a British banking and financial services company and one of the major players in the global banking market. As of December 2024, the bank had one of the highest market capitalization in the world, ranking 10th with a value of 176 billion U.S. dollars. HSBC brand and people The fact that the bank is a recognized brand all over the world helps the bank attract investors, clients, and employees. The total number of employees at the bank is in the hundreds of thousands, with the main employment centers being India, the United Kingdom, Mainland China, and Hong Kong.

Banco de Fomento Angola accumulated the highest profit value among Angolan banks in 2021. That year, the financial institution registered 153.8 billion Kwanzas (358.2 million U.S. dollars) in profits. Banco Angolano de Investimento followed with 141.5 billion Kwanzas (329.5 million U.S. dollars) in profits. Standard Bank Angola and Banco BIC also ranked as the most profitable banks in the country.

As of 2024, the profit/loss before tax generated by HSBC in North America varied greatly according to the banking segment considered. In that year, the corporate center banking branch of HSBC in North America generated the highest pre-tax profit, amounting to over four billion U.S. dollars. Conversely, the wealth and personal banking segment had the least amount of profit, yielding 145 million U.S. dollars.

The net interest income is forecast to experience significant growth in all segments in 2029. Comparing the two different segments for the year 2029, the segment 'Traditional Retail Banking' leads the ranking with 6.8 billion U.S. dollars. Contrastingly, 'Traditional Commercial Banking' is ranked last, with 3.4 billion U.S. dollars. Their difference, compared to Traditional Retail Banking, lies at 3.4 billion U.S. dollars. Find further statistics on other topics such as a comparison of the net interest income in the United Kingdom and a comparison of the value of deposits in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

In 2024, JPMorgan was the world's leading bank in terms of investment banking revenue, generating around *** billion U.S. dollars. In 2024, JPMorgan was also the largest bank in the United States by total assets, followed by Bank of America and City Group. Global investment banking is dominated by U.S. banks The top five investment banks globally were all American multinational firms. In 2024, the two leading investment banks by revenue were JPMorgan and Goldman Sachs. While JPMorgan outpaced Goldman Sachs, both banks reported revenues exceeding *** billion U.S. dollars. BofA Securities and Morgan Stanley ranked third and fourth, with revenues of approximately *** billion and *** billion U.S. dollars, respectively. Together, these four banks held nearly a ***** of the global investment banking market share in terms of revenue in 2024. Investment banking fees Unsurprisingly, JPMorgan was also the leading bank in terms of investment banking fees. These fees represent the returns banks earn for offering investment services, such as facilitating mergers and acquisitions. In 2024, the largest value of investment banking fees came from services provided to the financial sector.

As of 2021, HSBC had the highest amount of pre-tax profit of the largest banks in Europe. HSBC had almost ** billion U.S dollars in pre-tax profits that year. Pre-tax profit displays the amount of profit a company has made before paying corporate income taxes. Essentially, it is the calculation of deducting all expenses from revenue except taxes.

Tier 1 capital

Tier 1 capital displays the financial strength of a bank as it shows the bank’s core capital including equity capital and disclosed reserves. Regulators use tier 1 capital for the purpose of ensuring that banks have enough capital in case of unexpected losses. As of 2021, HSBC had the highest amount of tier 1 capital of any bank in Europe with over *** billion U.S dollars. Although HSBC has the most in tier 1 capital, they did not make the list for best performing European banks for fully loaded CET1 capital ratios.

Leading banks in assets

Another way in measuring a banks strength, size and health is through its total assets. Total assets are one of the main measures of a bank's prosperity and is defined as all assets owned by a bank. This includes, but is not limited to; cash and balances, loans and advances to banks and customers, as well as debt securities. Europe’s largest bank in 2021 had almost than three trillion euros in total assets.

The U.S. commercial banking industry's return on assets (ROA) has experienced dramatic shifts over two decades. Peaking at 1.37 percent in the first quarter of 2004, it plummeted to a historic low of -1.86 percent during the fourth quarter of 2008's global financial crisis. After a gradual recovery, the ROA stabilized around 1.2-1.3 percent in 2023, despite a decline to one percent in the final quarter. Throughout 2024, U.S. banks demonstrated relative consistency, with ROA fluctuating between 0.95 and 1.04 percent. In contrast, the European banking industry maintained a lower performance, with ROA averaging 0.5-0.7 percent during the same period. Steady growth amidst fluctuations in net operating income Despite the lowest quarterly net operating income of the U.S. banking industry being measured in the fourth quarter of 2008, at a negative 35 billion U.S. dollars, the average quarterly income of all FDIC-insured institutions grew steadily after the global financial crisis, experiencing a sharp decrease due to the COVID-19 pandemic in the first half of 2020. After 2021, the industry saw another steady decrease in its quarterly income until it started to increase again towards the end of 2022. In 2023, the bank with the highest reported revenue was JPMorgan Chase. Stability and resilience in capital adequacy The common equity tier 1 (CET1) ratio of the U.S. commercial banking industry has shown resilience, with an upward trajectory throughout 2024. Despite sharp decreases due to global financial crises and the COVID-19 pandemic, the industry has demonstrated stability and gradual recovery in its capital adequacy.

With over ** billion U.S. dollars, the Federal Reserve Bank of New York reported the highest net interest income of the Federal Reserve (Fed) in 2023. It was followed by San Francisco and Richmond, with ***** and ***** billion U.S. dollars. The total net interest income of the Fed amounted to roughly ***** billion U.S. dollars at the end of the year.

As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.

In 2024, the total banking net interest income in Morocco was 13.2 billion U.S. dollars. Contrastingly, Digital Banks are ranked last, with 565.79 million U.S. dollars. Their difference, compared to total retail and commercial banking, lies at 12.6 billion U.S. dollars.

European banks demonstrated varying levels of operational efficiency in 2023, as revealed by their cost-to-income ratios (CIR). UBS AG topped the list with the highest CIR at ** percent, followed by Deutsche Bank and Société Générale, both exceeding ** percent. On the other end of the spectrum, UniCredit reported the lowest CIR at **** percent. This wide range of ratios highlights the diverse operational strategies and challenges faced by major European financial institutions. Profitability and operational efficiency The CIR serves as a crucial indicator of a bank's profitability, measuring the cost of running operations as a percentage of operating income. Lower ratios generally indicate higher profitability, while higher ratios suggest operational inefficiencies. Cost-to-income ratios in Europe varied between **** percent and ** percent in early 2024, with Greece's banking sector leading in efficiency. This disparity in CIRs reflects the ongoing efforts of European banks to optimize their operations and adapt to changing economic conditions. Revenue and profit landscape Despite varying CIRs, European banks continue to generate substantial revenues. In 2023, HSBC led the pack with annual revenues of approximately ***** billion euros, closely followed by Banco Santander at ***** billion euros. HSBC also demonstrated strong financial performance in terms of profits, reporting nearly **** billion U.S. dollars in 2023. These figures underscore the resilience of major European banks in navigating challenging economic environments while maintaining their position as key players in the global financial landscape.

*********** received the highest customer satisfaction score among the largest banks in the United States as of 2024, with a score reaching *** points out of 1,000. JPMorgan Chase, the largest U.S. bank, ranked second, and TD Bank and U.S. Bank followed, both above the industry average. Wells Fargo, Bank of America, and Citigroup received the lowest scores. Most important factors for bank customers worldwide According to a survey conducted by Statista among more than ****** bank customers across ** nations worldwide, trust is the most important factor when customers think about their banks. More than half of all respondents highlighted trust as the most important factor. Banks seem to understand this and put focus on increasing their trustworthiness, which can be seen by the high level of customer satisfaction with the trustworthiness of their banks. More in-depth information can be found Statista's global bank customer satisfaction survey. Largest banks in the U.S. There are several aspects to consider when determining the largest banks in the United States, but JPMorgan Chase consistently stands out as a leader. Across key financial metrics, such assets, market capitalization, market share, deposits, revenue, and net income, JPMorgan Chase tops the list. CET1 ratio and total capital ratio seem to be two of the few key performance indicators where JPMorgan Chase did not rank first in 2024.

In 2024, Deutsche Bank generated its highest net revenues in its home country of Germany, totaling approximately 12.1 billion euros. The Americas represented the bank's second-largest market with revenues approaching six billion euros, while the United Kingdom contributed around 4.5 billion euros to the bank's overall revenue stream.